2 Bed Bungalow, Cash/Bridging Only, Louth, LN11 0BH, £230,000

14 Lyndon Way, Louth, LN11 0BH - 2 years ago

Cash
57 m²
+16 photos

ValuationOvervalued

Sold Prices£93K - £260K
Sold Prices/m²£1.4K/m² - £3.6K/m²

 

 

Square Metres

57 m²
Price/m²£4K/m²

Value Estimate

£132,821

 

 

End Value (After Refurb)

£210,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£14,800

Refurb Costs

£23,107

Bridging Loan Interest

£6,038

Total Cash In

£103,195

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£210,000

Mortgage (After Refinance)

£157,500

Mortgage LTV

75%

Cash Left In

£103,195

Equity

£52,500

Rent Range

£550 - £745

Rent Estimate

£622

Running Costs/mo

£801

Cashflow/mo

£-179

Cashflow/yr

£-2,144

Gross Yield

3%

Local Sold Prices

50 sold prices from £93K to £260K, average is £143.3K. £1.4K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£210K03/240.02 mi5, Lyndon Crescent, Louth, Lincolnshire LN11 0BJ2
£210K11/210.04 mi1, Lyndon Way, Louth, Lincolnshire LN11 0BH2
£153K03/240.15 mi31, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£146.5K06/230.15 mi41, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£210K11/220.16 mi21, Christopher Close, Louth, Lincolnshire LN11 0BT2
£140K10/200.17 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£209K04/230.17 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£184K11/200.21 mi68, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£140K08/230.22 mi44, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£140K02/210.31 mi46, Keddington Road, Louth, Lincolnshire LN11 0AU2
£145K09/210.31 mi34, Keddington Road, Louth, Lincolnshire LN11 0AU2
£144K10/210.33 mi2a, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£158K10/230.33 mi22, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£225K04/230.33 mi105, Brackenborough Road, Louth, Lincolnshire LN11 0AD2
£122.5K10/200.33 mi17, Riverhead, Louth, Lincolnshire LN11 0DD2
£94.5K04/210.33 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£168K07/210.34 mi105, Brackenborough Road, Louth, Lincolnshire LN11 0AD2
£150K01/230.36 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£100K01/210.37 mi1, Thames Street, Louth, Lincolnshire LN11 7AD2
£123.5K12/230.37 mi59, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£115K04/230.37 mi91, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£110K04/230.37 mi97, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£93K12/200.41 mi149, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£220K03/210.41 mi179, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£260K04/230.42 mi5, Orchard Close, Louth, Lincolnshire LN11 0BS2
£132.5K07/210.43 mi49, Eastfield Road, Louth, Lincolnshire LN11 7AJ2
£97.5K10/220.44 mi3, Lucern Court, Louth, Lincolnshire LN11 7BA2
£130K12/200.45 mi16, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£125K04/210.45 mi18, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£130K04/210.45 mi11, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K10/200.45 mi22, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£160K04/240.45 mi5, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£142.5K01/230.49 mi10, Cordeaux Close, Louth, Lincolnshire LN11 0GD2
£205K11/220.51 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£126.5K10/230.51 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£195K10/220.52 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£222K04/210.53 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.53 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.53 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.53 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£165K10/200.56 mi119c, High Holme Road, Louth, Lincolnshire LN11 0HD2
£115K04/230.59 mi128, High Holme Road, Louth, Lincolnshire LN11 0HE2
£120K12/200.59 mi78, High Holme Road, Louth, Lincolnshire LN11 0HE2
£170K03/230.59 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.59 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.59 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2
£142.5K01/230.65 mi6, Wellington Street, Louth, Lincolnshire LN11 0JS2
£130K05/210.65 mi12, Wellington Street, Louth, Lincolnshire LN11 0JS2
£121K06/210.65 mi4, Wellington Street, Louth, Lincolnshire LN11 0JS2
£137.5K11/220.66 mi35, Charles Street, Louth, Lincolnshire LN11 0LB2

Local Rents

11 rents from £550/mo to £745/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£67505/240.28 miPlover Grove, Louth, LN112
£67501/250.28 mi-2
£74512/240.29 mi-2
£60012/240.45 miOld School Court, Eastfield Road, Louth2
£55005/240.46 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£62505/240.51 miCommercial Road, Louth2
£55006/240.53 miLeakes Row, Louth2
£60003/250.59 mi-2
£65006/240.59 miParsons Halt, Louth2
£55004/240.6 mi-2
£62506/240.61 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.84 miles away

Nearest school

0.60 miles away

Nearest train station

12.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Price changed to £230,000

April 1, 2025

Listed for £235,000

January 19, 2023

Floor Plans

Description

  • Detached bungalow +
  • Two bedrooms +
  • Reception room +
  • Kitchen +
  • Sun room +
  • Bathroom +
  • Driveway +
  • Garage & Carport +
  • Generously sized garden +
  • Sought after location +

Choice Properties are delighted to bring to the market this spacious and well maintained two bedroom detached bungalow situated in a most sought after location. This fantastic property further benefits from solar panels which are owned outright and generate approximately £1000 per year as well as an air source heat pump with 2 years warranty. Furthermore the property offers a driveway & carport and stands proudly upon a generously sized garden. Viewing is highly advised.

Kitchen - 3.56m x 2.60m (11'8" x 8'6") - Fitted with a range of wall and base units with worktops over, one bowl stainless steel sink unit with drainer and mixer taps, integral cooker, four ring gas hob with stainless steel extractor hood over, integrated fridge/freezer, plumbing for a washing machine. built in storage cupboard, wall mounted Worcester boiler, partly tiled walls, pedestrian entrance door to side aspect, further door to:-

Reception Room - 4.52m x 4.03m (14'10" x 13'3") - Spacious reception room, TV Aerial point, telephone point, door to rear porch and sun room.

Sun Room - 1.47m x 2.67m (4'10" x 8'9") - Light and area room with seating space.

Rear Porch - 1.47m x 1.26m (4'10" x 4'2") - Built in storage cupboard, opening into the sun room.

Lobby - 0.98m x 0.92m (3'3" x 3'0") -

Bedroom 1 - 4.10m x 3.01m (13'5" x 9'11") - Spacious double bedroom.

Bedroom 2 - 3.02m x 3.63m (9'11" x 11'11") - Spacious double bedroom.

Bathroom - 1.94m x 2.60m (6'4" x 8'6") - Fitted with a three piece suite comprising panelled bath with single taps and electric shower over, pedestal wash hand basin with single taps, tiled splash backs, built in airing cupboard, loft access - partly boarded.

Driveway - Paved driveway providing off road parking for several vehicles.

Garage - 4.90m x 2.48m (16'1" x 8'2") - Up and over door, power and lighting.

Car Port - 5.59m x 2.48m (18'4" x 8'2") - Spacious car port providing extra parking.

Garden - The front of the garden is laid to lawn with hedged borders. To the side of the bungalow there is a timber gate which provides access to the rear of the property. The rear garden is very impressive and generously sized. Its mainly laid to lawn and adorned with the most beautiful variety of plants, trees and shrubbery throughout. The garden is privately enclosed and secure. There is a greenhouse and timber shed included in the sale.

Tenure - Freehold.

Council Tax - Local Authority - East Lindsey District Council,
The Hub,
Mareham Road,
Horncastle,
Lincolnshire,
LN9 6PH
Tel. No.
Website:

Council Tax Band - According to the Valuation Office Agency Website the property is currently in Council Tax Band - B. Amount payable for 2022/2023 is £1,554.98.

Making An Offer - If you are interested in making an offer on this property please have a chat with us and we will be happy to start the negotiations for you. Under money laundering regulation we will ask you to provide us with formal photographic ID by way of either a passport or driving licence. If you are travelling from afar we would advise bringing this documentation with you just in case this home is perfect for you.
We would also like to make you aware that we will require details of your estate agents, proof of funds should you be a cash buyer and solicitors details, as this helps us to start the transaction quickly for you.

Opening Hours - Monday to Friday 9.00 a.m. to 5.00 p.m.
Saturday 9.00 a.m. to 1.00 p.m.

Viewing Arrangements - Viewing by appointment through Choice Properties on .

Agent Details

Choice Properties, Louth

01507 308529

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪